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, a wealthy state. i spoke with senator dick durbin two weeks ago, and we were talking about a compromise, if there was a way to raise the money from the wealthy that the president wants to get from raising tax rates on people or households making over $250,000, whether there was another way to do it. here's another clip of that. >> -- did an analysis saying you could cap deductions at $35,000 and have the estate tax go back to where it was and you get $1.3 trillion. you cap deductions at $25,000 and you've got $1.3 trillion. i'm simply making the point, there's a lot of ways to get there that don't involve raising tax rates, is that a compromise you'd ever consider? >> erin, you're exactly right. but i think what the president's trying to say is let's protect working families. those making less than $250,000 a year, no tax increase for them. we can do it either through the rates or through the deductions in the code, you've given a good illustration. >> and what do you think about that senator warren. durbin making it clear he's -- there's a lot of different ways to get there. would you
the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said that social security is not part of what is what we're going to do in this. i agree with him. and there are things that i personally believe there are things that we can do with entitlements that don't hurt beneficiaries. >> but if you have each side starting to take things off the table, it makes you wonder if at some point if gets harder to make a deal. shep. >> shepard: mike emmanuel on capitol hill. the white house and president obama will be making their case to regular americans this week. republican leaders say he should be negotiating, not campaigning. he's not the only politician planning a fiscal cliff road trip. we'll go to the white house and the fox report coming up in a bit. first, hours ago, more than 200,000 people crowded into the central square in cairo to call f
with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor to say, of course, we'll di
because when he sat there with dick durbin -- he said, grover, i am not really for tax increases. i and just putting tax increases on the table here and durbin is giving me all of these spending cuts and i have not agreed to anything. i just talk about tax increases. i said -- senator, do you think it is possible durbin goes back to the democratic caucus and says i am putting these imaginary spending cuts on the table -- and he is giving me the tax increases. tom coburn from oklahoma said he would never be that dishonest. senator, i think he is and i think you are not. and i think he takes you seriously and i think you should not take him seriously. but again, they spend more than a year putting a the simpson- bowles commission, which, if you have seen a, a slide presentation, an outline, it is in haiku, the only numbers and the page numbers. it is a series of interesting things. there are specific about the tax burden going up by -- $5 trillion in tax increases. as ryan reads this as a trillion dollars in tax increases from eliminating or reducing deductions and exemptions and so o
for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal - [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff and then a month or six months later the republicans pull the same game as they did before and say we aren't going to agree to increasing the debt ceiling. i agree with the president. it has to be a package deal. what was your other question? [inaudible question] >> there are things we have already taken care of, the first of april and take a look at that stuff. that's not essential. [inaudible question] >> we can't do anything with the disaster aid package and i'm told it will be tomorrow or the next day. [inaudible question] >> republican, ok. you said what's holding it up? i said republicans. talk to the republicans. it's up to them. [inaudible question] >> i have said on a number of occasions the internet poker bill can move forward if we get 15, 17 republican votes. this stage, we have gotten none. >> you talked to the president over the weekend.
he could engage me on that. as you all know, friends of dick durbin and friends of the former first president bush, they were virtually whitewashed out of e-- out of the picture in that period of time include big the first president bush's son, which i owls thought was sort of sad because i've come to admire the service of president george h.w. bush. so that bit of reminiscence, i'll just turn it over but i do think, i agree that it's harder now, hard for me to see something serious coming together except for the fact that something has to happen, and i feel a little more optimistic than i did preelection but we can talk about why that is. >> before joe, i wanted to jump in. i forgot to mention the most important part of joe's resume, he's also an adjunct professor at george mason university. >> i was just about to correct you on that, paul. thank you, jackie. that was interesting. never sat at a dais before, especially not in the chairman's seat. this is pretty cool. let me try to give you -- i have 12 lessons that i've wren down but i should note at the outset i was not at an trus
when he sat there with durbin he said i'm not really for tax increases i'm just putting tax increases on the table, and he's giving me all these spending cuts and i haven't agreed to anything. i just talk about tax increases. and i said a senator, do you think it is possible but he goes back to the democratic caucus and says i'm putting these imaginary spending cuts on the table and he didn't know these tax increases and tom coburn said he would never be that dishonest. i think he is and i think you are not. i think he takes you seriously and you should not take him seriously. but again, they spend more than a year putting the simpson-bowles which of you haven't seen it is a slide presentation outline, the only numbers are in the page numbers. it's a series of interesting things. the tax burden is to go up from 18.5% and full employment to 21. that is a 5 trillion-dollar tax increase over a decade. the opening bid, plus and a trillion dollars of the tax increases from eliminating and reducing deductions and exemptions and so on, and he sees that in addition to the thoughts. now, i don
Search Results 0 to 6 of about 7

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